Weekly Performance Analysis for HEXO Corp. (HEXO)

HEXO Corp. (NASDAQ:HEXO) saw a downside of -5.49% on Monday at $1.72 after subtracting -$0.1. The 5-day average trading volume is 6,508,657 shares of the company’s common stock. It has gained $2.0600 in the past week and touched a new high 1 time within the past 5 days. An average of 7,303,994 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,329,417.

HEXO’s 1-month performance is -23.85% or -$0.6700 on its low of $1.7100 reached on 10/04/21. The company’s shares have touched a 52-week low of $1.77 and high of $11.04, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, HEXO has lost -50.54% or -$1.9600 and has reached a new high 12 times. However, the current price is down -84.42%% from the 52-week high price.


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Valuation Metrics

HEXO Corp. (HEXO) has a trailing price-to-earnings (P/E) ratio of 23.98 for the broader industry and 31.92 for the sector, meaning that investors are optimistic about the stock’s future prospects.HEXO stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.28 while the price-to-book (PB) in the most recent quarter is 0.43.

HEXO Corp.’s quick ratio for the recent quarter was 2.10, with the current ratio over the same period at 3.60 meaning that HEXO stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -33.60%The trailing 12-month EBITDA margin is -232.46%. The firm’s gross profit as reported stood at -$43.11 million against revenue of $60.07 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$12.88 million. HEXO stock balance sheet for the recent quarter shows that total liabilities totaled 100.16 million, with total debt at $59.18 million

Technical Picture

Let’s look briefly at HEXO Corp. (HEXO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 24.31% to suggest the stock is trending oversold, with historical volatility in this time period at 60.60%.

The stock’s 5-day moving average is $1.8260, reflecting a -15.69% or -$0.3200 change from its current price. HEXO is currently trading -28.03% above its 20-day SMA, -71.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -58.65% and -60.55% respectively.

Stochastic %K and %D was 9.00% and 14.60% and the average true range (ATR) pointed at 0.1239. The RSI (14) points at 24.38%, while the 14-day stochastic is at 2.33% with the period’s ATR at 0.1390. The stock’s 9-day MACD Oscillator is pointing at -0.0900 and -0.1317 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for HEXO Corp. (NASDAQ: HEXO), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for HEXO stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate HEXO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is HEXO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.02 and a high of $6.59, with their median price target at $4.32. Looking at these predictions, the average price target given by analysts is for HEXO Corp. (HEXO) stock is $4.10.

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